JobTarget Logo

Head of Opportunity Zone Investment Strategy in Alexandria, Virginia at Bonaventure Shared Services, LLC

NewSalary: $180000 - $200000
Bonaventure Shared Services, LLC
Alexandria, Virginia, 22314, United States
Posted on
New job! Apply early to increase your chances of getting hired.

Explore Related Opportunities

Financial Managers jobs near me in VirginiaJobs near me in VirginiaFinancial Managers jobs

Job Description

Head of Opportunity Zone Investment Strategy

Program

OZ 2.0 — One Big Beautiful Bill Act (OBBBA, signed July 4, 2025)

Mandate

Build Bonaventure’s platform-level OZ 2.0 investment strategy — proprietary deals and best-in-class external operators

Capital Role

Bonaventure commits 10–25% GP co-invest alongside LP capital across its own deals and third-party allocations

Timeline

Zone nominations begin July 1, 2026; new OZ 2.0 map effective Jan. 1, 2027

Structures

Standard QOF (10% basis step-up) and Qualified Rural Opportunity Fund (30% step-up)

The Opportunity

The One Big Beautiful Bill Act, signed July 4, 2025, made Opportunity Zones a permanent feature of the U.S. tax code. OZ 2.0 resets the program with a rolling five-year gain deferral, a reinstated 10% basis step-up for standard QOFs, a new Qualified Rural Opportunity Fund (QROF) structure with a 30% step-up and a reduced 50% substantial-improvement threshold, and an entirely new zone map effective January 1, 2027. State nomination windows open July 1, 2026.

Bonaventure is positioned to be a first-mover in this reset — and to build something structurally differentiated from what the OZ 1.0 market produced. The strategy is not simply to wrap Bonaventure’s existing development pipeline in a QOF. It is to build a platform that deploys meaningful GP capital (10–25% co-invest) across two channels: proprietary Bonaventure deals and a curated set of third-party operators who bring the best opportunities in markets and asset types beyond Bonaventure’s direct footprint.

The result is a fund platform that offers LPs both the operational credibility of a GP with skin in the game and the diversification of a best-in-class deal selection process — a combination that was rare in OZ 1.0 and will define the strongest OZ 2.0 franchises.

The Role

This is a strategy-first, platform-level position. The person we hire defines how Bonaventure participates in OZ 2.0: which structures to run, which geographies and asset types to target, how to evaluate and partner with third-party operators, and how to sequence fund launches against now that OZ 2.0 is permanently embedded in the tax code.

The role owns the full investment platform — both the proprietary Bonaventure deal pipeline and the external operator allocation program. It requires the judgment to evaluate deals across both channels against a consistent underwriting standard, the relationships to attract top-tier operators as partners, and the LP fluency to articulate a differentiated story to capital allocators.

It reports to the CFO and works alongside the CEO, Capital Markets, and Investments teams. This is a builder role with executive-level accountability from day one.

What You’ll Own

Investment Strategy & Platform Architecture

  • Develop Bonaventure’s OZ 2.0 investment thesis — geographic focus, asset type priorities (proprietary vs. third-party), return targets, and fund-level differentiation
  • Own full P&L accountability for the Opportunity Zone business
  • Drive fund-level return targets and overall performance outcomes
  • Lead capital formation efforts across investor channels
  • Identify, evaluate, and select operating and investment partners
  • Negotiate deal terms and structure transactions
  • Define the dual-channel model: how to allocate between Bonaventure’s own pipeline and external operators, and how to maintain consistent underwriting standards across both
  • Determine fund structure: QOF vs. QROF, single-asset vs. multi-asset vehicles, GP co-invest sizing (10–25%), and sequencing of fund launches relative to the new zone map and OZ capital cycle requirements
  • Map Bonaventure’s existing development capabilities and pipeline against the incoming OZ 2.0 zone redesignation (effective Jan. 1, 2027); identify gap geographies where third-party operators fill the strategy
  • Evaluate the QROF rural channel specifically — 30% basis step-up, 50% substantial-improvement threshold — for both proprietary and external deal flow
  • Monitor the state nomination process (90-day window from July 1, 2026) and position Bonaventure to react quickly once the final zone maps are published

    • Third-Party Operator Program

  • Build and manage Bonaventure’s external operator sourcing and diligence process — identifying best-in-class developers and operators in OZ 2.0 markets outside Bonaventure’s direct footprint
  • Develop the evaluation framework for third-party deals: underwriting standards, operator track record criteria, co-invest terms, and ongoing asset management oversight
  • Negotiate investment terms with external operators, including promote structures, reporting requirements, and LP information rights
  • Build the operator network proactively — relationships established before zone maps are finalized create competitive advantage in deal selection

    • GP Capital & Co-Investment

  • Structure and manage Bonaventure’s GP co-invest commitment (10–25%) across the fund platform — calibrating deployment across proprietary deals and third-party allocations
  • Coordinate with the CFO on GP capital availability, timing, and balance sheet optimization across the fund lifecycle
  • Develop the co-invest mechanics and disclosure framework for LP materials to clearly communicate Bonaventure’s skin-in-the-game positioning


    • LP Strategy & Capital Formation

  • Define the LP target profile for each fund structure and develop the investor narrative around the dual-channel, GP co-invest model
  • Build and own the OZ LP pipeline — institutional investors, family offices, RIAs, and HNW capital with embedded gain events seeking tax-efficient deployment
  • Coordinate with Bonaventure Capital Markets to leverage Bonaventure’s existing investor relationships and identify OZ crossover opportunities within the current capital base
  • Lead LP pitches, diligence processes, and subscription mechanics for each fund vehicle

    • Fund Structure & Compliance

  • Lead fund formation: LP/GP structure, QOF qualification, working capital safe harbor design, QROF election strategy, and SEC exemption filings
  • Coordinate outside tax and fund counsel on structure and ongoing compliance under OBBBA’s enhanced reporting framework
  • Build the waterfall, fee structure, and return mechanics around the OZ 2.0 incentive timeline: five-year step-up, ten-year gain exclusion, thirty-year FMV reset
  • Establish ongoing compliance infrastructure: 90% asset testing, QOZB certification, annual Form 8996 filings, and LP Form 8997 support packages

    • What We’re Looking For

    Required

  • 10+ years in real estate private equity, tax-advantaged investment structures, or fund management
  • Direct experience with Opportunity Zone fund mechanics — QOF formation, QOZB testing, working capital safe harbor, compliance calendar — under OZ 1.0 or OZ 2.0
  • Experience evaluating and allocating to third-party operators or managing a multi-manager investment platform, not just running a single-sponsor fund
  • Track record of building LP relationships and raising capital, with a network among family offices, RIAs, or institutional allocators with capital gains exposure
  • Strong command of OZ 2.0 structural changes: rolling five-year deferral, 10%/30% basis step-up tiers, QROF eligibility, redesignation calendar, and enhanced OBBBA reporting
  • Multifamily or mixed-use real estate underwriting depth; ability to evaluate deals from both internal and external operators against a consistent standard


    • Preferred

  • Experience at a fund-of-funds, multi-manager platform, or OZ aggregator — where evaluating external operators was a core part of the role
  • Prior work at a firm that built meaningful scale in OZ 1.0 ($100M+ raised) and can apply those learnings to OZ 2.0
  • Established network of OZ-active developers and operators across the Mid-Atlantic, Southeast, and rural markets
  • Relationships with OZ-focused fund administrators, tax counsel, and placement agents
  • CPA, CFA, or JD with tax or structured finance concentration

    • Why Bonaventure

  • Platform-level mandate from day one — building a business, not executing within one
  • Bonaventure’s GP co-invest (10–25%) is a structural differentiator in LP conversations: aligned capital, not just fee income
  • Existing multifamily development and operations platform in OZ-relevant Mid-Atlantic and Southeast markets as the proprietary deal foundation
  • Third-party operator channel creates deal flow and diversification that a single-sponsor fund cannot offer
  • Bonaventure Capital Market’s established LP relationships as a distribution foundation
  • First-mover timing: the redesignation calendar creates a narrow window in 2026–2027 to define strategy and build operator relationships before the market crowds
  • Meaningful economics: base, bonus, and carried interest structured around the long-term nature of OZ incentives

    • About Bonaventure

    Bonaventure Holdings is a vertically integrated real estate investment, operations, and development company headquartered in Alexandria, Virginia. The firm manages approximately 10,000 multifamily units across the Mid-Atlantic and Southeast and operates across the full real estate value chain — development, construction, asset management, property operations, and capital markets. Bonaventure Capital Markets serves as the firm’s capital formation and investor relations platform.

    Job Location

    Alexandria, Virginia, 22314, United States

    Frequently asked questions about this position

    Similar Jobs In Alexandria, Virginia

    Director of Finance

    QRC Technologies a Parsons Company
    Fredericksburg, Virginia

    Tax Manager

    Platform Accounting Group
    Rockville, Maryland
    New

    Business Financial Manager (#26-100)

    Strategic Analysis, Inc.
    Arlington, Virginia

    Investor Relations, Director

    Enterprise Community Partners
    Columbia, Maryland

    Treasury Accountant & Financial Analyst

    Stanley Pearlman Enterprises, Inc.
    Jessup, Maryland

    Apply NowYour application goes straight to the hiring team